Settings8H · net · $10k
Funding arb · Price arb /

CFX

all CFX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0168%/8h= +18.4% APRnext payment +$0.21 per $10,000 · paid last 24h +0.073%
Price spread now: Coinbase International against Extended+0.471%7-day average +0.246% · you sell dearer than you buy
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$1201.197% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.295%+$30 on $10k
Price spread, last 4 days (all we have)−0.300%−$30 · spread now +0.471%, 7d avg +0.246%
Together, before fees−0.005%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Coinbase International is 0.224% dearer against Extended than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.246%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended CFX-USD0.053110.0104pay 0.0013% / 1h39m 41s$5K$261K10x
ShortCoinbase International CFX-PERP-INTX0.053360.0272get 0.0034% / 1h39m 41s$36K$126K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$35.28
Price spread: +0.471% → +0.246%
$22.41
Slippage, 4 orders
−$104.7
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$62.01
Costs to cover
1.197%
Break-even
19.3 days
Slippage from Extended: live order book, 63 min ago; Coinbase International: live order book, 63 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 63 min ago4.14 bp27.6 bp −$28213.8 bp −$2,138doesn't fitdoesn't fit
Sell Coinbase International live order book, 63 min ago9.40 bp19.6 bp −$20doesn't fitdoesn't fitdoesn't fit

CFX on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster CFXUSDT+0.0100%8h0.05317+0.108%$4K$41K5xas long as short
Binance CFXUSDT+0.0100%8h0.05312+0.018%$5.3M$10.0M75xas long as short
Bybit CFXUSDT+0.0100%8h0.05319+0.150%$2.5M$1.4M25xas long as short
OKX CFX-USDT-SWAP+0.0100%8h0.05316+0.094%$2.6M$5.5M20xas long as short
Gate CFX_USDT+0.0100%8h0.05318+0.132%$1.1M$2.3M50xas long as short
MEXC CFX_USDT+0.0100%8h0.05316+0.094%$3.4M$1.8M125xas long as short
KuCoin CFXUSDTM+0.0100%8h0.05316+0.094%$804K$294K75xas long as short
Bitget CFXUSDT+0.0100%8h0.05319+0.150%$1.5M$1.3M75xas long as short
BingX CFX-USDT+0.0100%8h0.05321+0.188%$22.6Mas long as short
Variational Omni CFX+0.0100%8h0.05333+0.413%$35K$51Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT CFX_USDT_Perp+0.0100%8h0.05333+0.406%$505K$1.5M10xas long as short
Extended CFX-USDlong+0.0104%1h0.05311long leg$5K$261K10x
Coinbase International CFX-PERP-INTXshort+0.0272%1h0.05336+0.471%$36K$126K50x
Hyperliquid CFX+0.0565%1h0.05328+0.310%$3.2M$396K5xas long as short
Kraken Futures PF_CFXUSD+0.1062%1h0.05331+0.377%$32K$9K20xas long as short
Deribit CFX_USDC-PERPETUAL+0.2005%1h0.05334+0.433%$141$2910xas long as short